57,493 Shares in Eversource Energy $ES Bought by BG Investment Services LLC

Key Points

• BG Investment Services LLC acquired 57,493 shares of Eversource Energy in the third quarter, valued at approximately $3.69 million. Institutional investors collectively own 79.99% of the company.
• Analysts have a consensus “Hold” rating on Eversource, with a consensus price target of $72.91, compared with the stock’s reported price of $67.47.
• Eversource reported quarterly EPS of $0.87, matching estimates, while revenue of $2.90 billion fell short of forecasts. The company also pays a quarterly dividend of $0.7875 per share, representing a 4.7% annualized yield.

BG Investment Services LLC bought a new position in Eversource Energy (NYSE:ES - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 57,493 shares of the utilities provider's stock, valued at approximately $3,689,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ES. Elevation Wealth Partners LLC boosted its stake in shares of Eversource Energy by 220.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 349 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 240 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in Eversource Energy in the 2nd quarter worth $26,000. First Bancorp Inc ME purchased a new position in Eversource Energy in the 2nd quarter worth $30,000. Keating Financial Advisory Services Inc. bought a new stake in Eversource Energy in the second quarter worth $36,000. Finally, Global Assets Advisory LLC bought a new stake in Eversource Energy in the first quarter worth $51,000. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. HSBC began coverage on shares of Eversource Energy in a research report on Thursday. They set a "hold" rating and a $70.00 price target for the company. Mizuho lifted their price objective on Eversource Energy from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Capital One Financial set a $73.00 target price on Eversource Energy in a research note on Wednesday, July 1st. Wells Fargo & Company increased their target price on Eversource Energy from $75.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, July 2nd. Finally, BMO Capital Markets dropped their target price on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $72.91.

Eversource Energy Stock Down 0.5%

Shares of NYSE ES opened at $67.47 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.63. Eversource Energy has a 52 week low of $62.72 and a 52 week high of $76.57. The firm's fifty day moving average is $67.86 and its 200 day moving average is $69.74. The company has a market cap of $25.42 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.94 and a beta of 0.67.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.87 EPS for the quarter, meeting analysts' consensus estimates of $0.87. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.33%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. On average, equities research analysts expect that Eversource Energy will post 4.63 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, September 21st. Eversource Energy's dividend payout ratio is currently 81.61%.

Eversource Energy Profile

Eversource Energy NYSE: ES is a New England-based energy delivery company that provides electric and natural gas utility services. Through its regulated operating companies, it delivers electricity to residential, commercial and industrial customers and distributes natural gas to homes and businesses.

The company owns and operates electric transmission and distribution infrastructure, natural gas distribution systems and related utility facilities. Its electric operations include Connecticut Light and Power, NSTAR Electric and Public Service Company of New Hampshire, while its natural gas operations include several utilities serving customers in Connecticut and Massachusetts.

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